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AL MAZAYA HOLDING COMPANY K.S.C. (HOLDING) AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE PERIOD ENDED JUNE 30, 2010
(All amounts are in Kuwaiti Dinars)
Cash flows from operating activities:
Profit for the period before contribution to Kuwait Foundation for the
Advancement
of Sciences,
National
Labour Support
Tax and
contribution to Zakat
Adjustments for:
Net investment income
Loss on partial disposal of a subsidiary
Group's share of results from associates
Group's share of results from joint ventures
Gain on waiver of capital subscription
Gain from sale of an associate
Impairment losses for investments available for sale
Dilution gain
Provision no longer required
Expenses related to equity settled share based payments
Depreciation and amortization
Foreign currency exchange (gain) loss
Murabaha income
Interest income
Finance charges
Provision for end of service indemnity
Changes in operating assets and liabilities:
Accounts receivable and other debit balances
Properties held for trading
Investment properties
Accounts payable and other credit balances
Deferred consideration on acquisition of properties
End of service indemnity paid
Net cash generated from operating activities
Cash flows from investing activities:
Proceeds from sale of investments at fair value through income
statement
Paid for purchase of investments available for sale
Proceeds from sale of investments available for sale
Proceeds from partial disposal of a subsidiary
Investment in joint ventures
Proceed from sale of investment in an associate
Paid for investment in unconsolidated subsidiary
Interest income received
Dividend income received
Paid against increase in equity holding of a subsidiary
Fixed assets
Net cash used in investing activities
Six months ended
June 30,
2010
2,507,450
(2,531,953)
503,292
271,148
(546,743)
2,348,761
(134,620)
(349,901)
198,398
(92,648)
(94,704)
(217,239)
1,306,778
65,256
3,233,275
14,292,150
(13,010,449)
(1,901,572)
3,158,636
(65,026)
5,707,014
(22,103)
5,684,911
2009
12,563,787
(18,814)
568,002
191,841
(7,308,045)
61,271
193,532
81,264
(42,411 )
(307,704)
1,259,569
111,665
7,353,957
(4,705,727)
10,911,567
(9,380,400)
8,633,610
(2,008,963)
10,804,044
(104,282)
10,699,762
1,258
(10,666,481 )
(41,563,746)
4,649,409
33,625,562
3,239,441
178,834
6,676,330
(145,100)
382,064
183,666
85,940
715
(546,220)
(1,931,649)
(8,750,000}
(804,387)
(13,775,590}
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